XML 51 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 14,904us-gaap_NetIncomeLoss $ 15,273us-gaap_NetIncomeLoss $ 17,925us-gaap_NetIncomeLoss
Income (loss) from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 223us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (135)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Income from continuing operations 14,904us-gaap_IncomeLossFromContinuingOperations 15,050us-gaap_IncomeLossFromContinuingOperations 18,060us-gaap_IncomeLossFromContinuingOperations
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,702us-gaap_DepreciationDepletionAndAmortization 6,768us-gaap_DepreciationDepletionAndAmortization 6,858us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes 3,385us-gaap_DeferredIncomeTaxExpenseBenefit 2,805us-gaap_DeferredIncomeTaxExpenseBenefit 4,540us-gaap_DeferredIncomeTaxExpenseBenefit
Impairment of intangible assets 1,936us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 2,033us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
Broadcast program rights amortization 637sga_BroadcastProgramRightsAmortization 637sga_BroadcastProgramRightsAmortization 614sga_BroadcastProgramRightsAmortization
Amortization of deferred costs 187us-gaap_AmortizationOfFinancingCosts 204us-gaap_AmortizationOfFinancingCosts 231us-gaap_AmortizationOfFinancingCosts
Compensation expense related to restricted stock awards 826us-gaap_RestrictedStockExpense 135us-gaap_RestrictedStockExpense 110us-gaap_RestrictedStockExpense
(Gain) loss on sale of assets (1,281)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (126)us-gaap_GainLossOnSaleOfPropertyPlantEquipment 221us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Other (gains) losses, net 0us-gaap_OtherNonoperatingGainsLosses 20us-gaap_OtherNonoperatingGainsLosses 59us-gaap_OtherNonoperatingGainsLosses
Share-based compensation expense 0us-gaap_StockOptionPlanExpense 0us-gaap_StockOptionPlanExpense 22us-gaap_StockOptionPlanExpense
Barter revenue, net (208)us-gaap_OtherNoncashIncomeExpense (11)us-gaap_OtherNoncashIncomeExpense (294)us-gaap_OtherNoncashIncomeExpense
Deferred and other compensation (129)us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense 19us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense 3us-gaap_DeferredCompensationArrangementWithIndividualCompensationExpense
Write-off of debt issuance costs 0us-gaap_WriteOffOfDeferredDebtIssuanceCost 55us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost
Income tax expense (benefit) on exercise of options 10us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions (13)us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions 0us-gaap_IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions
Changes in assets and liabilities:      
Decrease (increase) in receivables and prepaid expenses (1,521)us-gaap_IncreaseDecreaseInReceivables 160us-gaap_IncreaseDecreaseInReceivables (742)us-gaap_IncreaseDecreaseInReceivables
Payments for broadcast program rights (627)sga_PaymentsForBroadcastProgramRights (628)sga_PaymentsForBroadcastProgramRights (626)sga_PaymentsForBroadcastProgramRights
(Decrease) increase in accounts payable, accrued expenses, and other liabilities 595us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (396)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,850us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Total adjustments 10,512us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 11,662us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 12,846us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash provided by continuing operating activities 25,416us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 26,712us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 30,906us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash provided by discontinued operating activities 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 49us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash provided by operating activities 25,416us-gaap_NetCashProvidedByUsedInOperatingActivities 26,712us-gaap_NetCashProvidedByUsedInOperatingActivities 30,955us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Acquisition of property and equipment (5,524)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,152)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,809)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale and disposal of assets 90us-gaap_ProceedsFromSalesOfAssetsInvestingActivities 792us-gaap_ProceedsFromSalesOfAssetsInvestingActivities 42us-gaap_ProceedsFromSalesOfAssetsInvestingActivities
Proceeds from sale of networks 1,640us-gaap_ProceedsFromSaleOfIntangibleAssets 0us-gaap_ProceedsFromSaleOfIntangibleAssets 0us-gaap_ProceedsFromSaleOfIntangibleAssets
Proceeds from sale of television station 0sga_ProceedsFromSaleOfTelevisionStation 2,960sga_ProceedsFromSaleOfTelevisionStation 0sga_ProceedsFromSaleOfTelevisionStation
Acquisition of broadcast properties (903)sga_PaymentsToAcquireBroadcastProperties 0sga_PaymentsToAcquireBroadcastProperties 0sga_PaymentsToAcquireBroadcastProperties
Other investing activities (11)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (410)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (157)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in continuing investing activities (4,708)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (1,810)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (4,924)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net cash used in discontinued investing activities 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (34)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash used in investing activities (4,708)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,810)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,958)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Payments on long-term debt (10,000)us-gaap_RepaymentsOfLongTermDebt (12,750)us-gaap_RepaymentsOfLongTermDebt (10,250)us-gaap_RepaymentsOfLongTermDebt
Cash dividends paid (10,419)us-gaap_PaymentsOfDividendsCommonStock (10,326)us-gaap_PaymentsOfDividendsCommonStock (7,010)us-gaap_PaymentsOfDividendsCommonStock
Payments for debt issuance costs 0us-gaap_PaymentsOfDebtIssuanceCosts (289)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Other financing activities (10)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 176us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 187us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used in financing activities (20,429)us-gaap_NetCashProvidedByUsedInFinancingActivities (23,189)us-gaap_NetCashProvidedByUsedInFinancingActivities (17,073)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 279us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,713us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 8,924us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 17,628us-gaap_CashAndCashEquivalentsAtCarryingValue 15,915us-gaap_CashAndCashEquivalentsAtCarryingValue 6,991us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year $ 17,907us-gaap_CashAndCashEquivalentsAtCarryingValue $ 17,628us-gaap_CashAndCashEquivalentsAtCarryingValue $ 15,915us-gaap_CashAndCashEquivalentsAtCarryingValue